Ailes’ departure poses unexpected challenges for Fox

6 months ago Comments Off on Ailes’ departure poses unexpected challenges for Fox

<p>On the business side, though, Ailes, 76, is arguably leaving at the top of his game. Ratings at Fox News, a subsidiary of 21st Century Fox, are higher than ever, fueled by its confident mix of coverage of the ascendance of Donald Trump and ceaseless bashing of President Obama. Profits are rolling in, to the tune of more than $ 1 billion a year. And Ailes’ singular business model of monetizing news – with a thin staff of reporters — is as admired by competitors as it is reviled by critics.</p>
Stock quotes, financial tools, news and analysis – MSN Money